PROPERTY UPDATE 2018 WELCOME Silverstone Park is a premier location In addition we have the benefit The feedback we get from for business and innovation. We are of the global brand of Silverstone occupiers is that being based at deliverable, offer serviced land and as a backdrop, a highly motivated Silverstone Park is always a very business rates relief. on-site team, business networking positive talking point in meetings events, a social calendar for and networking events, and helps 50,000 sq ft of new accommodation occupiers to engage in, and a to make a company memorable is available to let. These buildings genuine desire to help companies when working on new business are situated within the Enterprise to grow. development opportunities, Zone, which gives tenants the regardless of the sector they are considerable benefit of £55,000 Silverstone is known for its working in. in business rates relief per year. motorsport heritage and we have been promoting what we refer to Silverstone Park is now one of the We have a new outline planning as ‘high-tech’ activity in the area, most cost-effective and deliverable consent for 2.1m sq ft of but please note companies do not property options in the area commercial development, and a need to be into ‘tech’ or motorsport and we invite the local agency new 21 MVA power supply – part to be based at Silverstone Park community to share in our future ROZ BIRD of a £13m utilities upgrade right and take advantage of the central vision for the estate. COMMERCIAL DIRECTOR across the site. MEPC SILVERSTONE PARK location and global brand name. CASE STUDY David Brown Automotive relocates to new Silverstone Park premises David Brown Automotive has moved its headquarters and Company founder, David Brown said: “It had production of its niche luxury vehicles – the Silverstone to be somewhere that gave us the right kind of customer-focused ability and a pedigree of Speedback GT and Mini Remastered – into new 18,000 sq ft low-volume, niche automotive manufacture, premises at Silverstone Park plus Silverstone Park quite simply had the best sized premises for what we needed. “Getting here is straightforward, particularly from London and abroad and the Silverstone name also influences a great deal; it’s just a great place to be.” The “brilliant” skill set of companies in the surrounding Silverstone Technology Cluster also had a bearing. He continued: “It amazes me that hidden down a country lane you can find a company with ten five-axis CNC machines capable of making anything you need. “I am guessing a lot of that is borne out of companies and individuals being originally connected to motorsport. The region is clearly full of highly-skilled technicians and companies with great manufacturing abilities.” www.silverstone-park.com PLANNING ...achieving a new, up-to-date planning consent is another key piece of Ability to deliver with the jigsaw in managing and developing a successful technology park... new planning consent Roz Bird, Commercial Director, Silverstone Park for 2.1m sq ft approved Planning granted for over 2m sq ft of distribution facilities, education, student accommodation said: “It has been incredibly exciting to be part of this project, and two hotels. working with MEPC to achieve planning consent on a high commercial development at Silverstone Park profile site of national significance. MEPC’s Roz Bird, Commercial Director for Silverstone Park, MEPC has been granted a new planning consent for 2.1m sq ft commented: “We are delighted to have agreed a new outline “The land around the circuit will be transformed for the better of commercial development on its 131 acre site at Silverstone Park. consent for over 2m sq ft of commercial accommodation at with much needed commercial developments that will create Silverstone Park and would welcome the opportunity to talk thousands of high-quality jobs and bring in millions of pounds Consent was granted by South Northamptonshire District Council with companies interested in joining our business community. to the economy. and Aylesbury Vale District Council. “Like the achievement of 21 MVA of power and the development “The decision of the planners to grant permission supports our The new consent follows the speculative development of over of new speculative workshop units; achieving a new, up-to-date belief in the massive economic benefits the area stands to gain 125,000 sq ft by MEPC and prior to that a programme of planning consent is another key piece of the jigsaw in managing from the proposal.” presentation/upgrade work and the purchase of 85,000 sq ft and developing a successful technology park – delivering on our of existing stock. promise to create a global business destination.” The Park benefits from 2.1m sq ft of consent including Included in the new planning permission is development of Tim Hancock, Managing Director of London-based Terence B1 (a and c) B2, B8, C1, C2, D1, and SG (Promo Auto) a wide range of premises including offices, industrial and O’Rourke, which was the planning consultant on the project, 02 To read the full versions of each article please visit silverstone-park.com/media/latest-news Tel: 01327 856000 | www.silverstone-park.com 03 UTILITIES BUSINESS RATES Serviced land £13m utilities upgrade continues with 21 MVA electrical supply Silverstone Park developer MEPC’s to meet all occupiers’ requirements well “Together with the training and £13 million commitment to upgrading into the future across the 2.1m sq ft of educational opportunities and the utilities at the high-tech business floor space that Silverstone Park spans.” location that Silverstone Park has estate has already reached one its most now become, there is so much going Local Buckinghamshire County Councillor important stages with work to install on for the high-tech industries. It is Warren Whyte, said: “We’ve always been 21 MVA of electrical power to the site absolutely superb.” very supportive of MEPC in progressing now completed. its plans for the Silverstone Park business MEPC’s Roz Bird, Commercial Director Completion of the supply – from 10km estate and one of the biggest challenges for Silverstone Park, said: “We are away in Brackley – follows a highly has been to get the right levels of energy delighted to have completed our technical three-year project in conjunction feeding into the site. 21 MVA installation and this further with Western Power Development costing re-affirms the ‘our vision is becoming “This is an amazing stage in that process. approximately £4.5m. a reality’ message. It signifies a very positive commitment to MEPC’s Senior Development Manager Buckinghamshire, Northamptonshire and “Indeed this marks a major step in Ben Leefield commented: “This has Silverstone itself and shouts ‘we are ready our future ambitions for Silverstone been a very sophisticated undertaking for business – we are ready to go’.” Park and underlines our very firm and has also involved the upgrading of commitment to making the estate – He added: “These are very exciting sub-stations at each end. at the centre of the Silverstone times for Silverstone Park and the Technology Cluster – a global business “However it is now fully energised region – there is such a buzz surrounding destination for high-tech industry.” Lower costs for companies in meaning we have sufficient electricity the advanced engineering activity here. Enterprise Zone at Silverstone Park Technology Cluster benefits from Silverstone Park Enterprise Zone status The UK Government has awarded Silverstone Park ‘Enterprise the right staff and make an impression among clients. Zone’ status which could save companies locating to the high- It negates any concern about ‘can we afford this?’ Instead tech business estate more than £250,000 in rates relief across it gives them confidence to take out a lease and invest and the next five years. grow their business.” The status was approved following a successful bid to She added: “With the birth of the Silverstone Technology Government by Buckinghamshire Thames Valley Local Cluster which is also on the Government’s radar we need to be Enterprise Partnership (BTVLEP) and Silverstone Park doing all we can to encourage high-tech companies operating developer MEPC. in engineering and electronics and the like. Its ‘signing off’ took place soon after MEPC completed 125,000 sq ft “Many have the potential for high growth but also need of new speculative industrial units ranging in size from 5,000 sq ft help with cash flow in their formative stages – this is a great These are very exciting to 30,000 sq ft under one roof and available to let – significantly opportunity for them and also for them to take advantage of these are within the ‘Enterprise Zone’. the global brand name of Silverstone. times for Silverstone Park BTVLEP Chief Executive Richard Harrington commented: “We really appreciate the support of Buckinghamshire Thames “Silverstone Park Enterprise Zone represents a strong pillar of Valley LEP who submitted the initial application and as a result and the region – there is our growth strategy. Building on our areas of global excellence are bringing tangible benefit to businesses moving to the area will be at the heart of our response to the Government’s and support for the Silverstone Technology Cluster.” such a buzz surrounding Industrial Strategy. Enterprise Zone status also means the Government will later “From a standing start, excellent progress has been achieved release the equivalent of business rates that would otherwise the advanced engineering at Silverstone Park. We continue to welcome sector leading have been collected – plus another 50 per cent on top – for occupiers and look forward to further investment in the BTVLEP and MEPC to jointly re-invest in Silverstone Park.